For the fifth straight [music] year, the EPA has extended summer E15 waiver, allowing higher ethanol blends nationwide [music] through the summer driving season beginning May 1, which will allow gasoline blended with 15% ethanol >> [music] >> versus the standard 10% to be sold year-round, including during the summer months when it would otherwise be restricted. [music] This is the fifth consecutive year the waiver has been extended, which is significant because that consistency is [music] starting to look p ...

Group 1 - Corn futures experienced gains of 3 to 5 ¼ cents, with the CmdtyView national average Cash Corn price rising by 4 ¾ cents to $4.25 ¾ [1] - The EPA announced a waiver allowing E15 sales starting May 1, continuing the trend of lifting fuel restrictions during summer months [1] - Ethanol production increased by 23,000 barrels per day to 1.116 million bpd, contributing to a rise in ethanol stockpiles by 763,000 barrels to 27.17 million barrels [2] Group 2 - Export Sales data is anticipated, with expectations of old crop corn bookings between 0.7 and 1.5 million metric tons for the week of March 19 [3] - Taiwan importers purchased 65,000 metric tons of US corn in a recent tender [3] - Various corn futures closed higher, with May 26 Corn at $4.67 ¼ (up 4 ¾ cents), July 26 Corn at $4.77 ¾ (up 5 ¼ cents), and December 26 Corn at $4.93 ¼ (up 4 ¼ cents) [3]

Oil Market Analysis - The Midwest is experiencing a significant oversupply of crude oil, with the US being a net exporter of crude oil and natural gas, leading to expectations of lower prices ahead of the midterms [1][7]. - A colder-than-normal winter previously pushed natural gas prices up, but they have since collapsed, indicating a potential peak in oil prices [2][4]. - Brent crude oil recently reached a new high of around $85, but the December contract is projected to decline to approximately $58, reflecting a bearish outlook [3][4]. Supply Dynamics - The Western Hemisphere, particularly the US and Canada, is now the price maker in crude oil, with a surplus supply of nearly 8 million barrels per day [7]. - A sustained supply curtailment in the Middle East is deemed unlikely, suggesting that oil prices may trend lower as the midterms approach [8]. Agricultural Sector Insights - Farmers are facing challenges due to massive supply from Brazil, which is impacting prices and profitability [11][15]. - There is a need for demand support, particularly through biofuels, to stabilize prices in the agricultural sector [11][12]. - Current corn prices are around $3.50, and there is speculation that a low price point for crude oil could be around $40, indicating a potential bottom in prices [16].